The liquid Ethereum staking protocol Lido has successfully implemented its Dual Governance model, gaining approval from LDO holders. This event marks a significant step in enhancing governance practices for Ethereum staking.
Approval of Dual Governance
Lido confirmed that the Dual Governance model has been approved, culminating three years of work aimed at minimizing governance capture risks. According to Lido, the new model allows staked ETH (stETH) holders to oppose decisions made by LDO holders. The model is expected to be fully implemented by July 4.
Community Reaction
The community has reacted positively to the approval of the new governance model. Experts believe Lido will maintain its lead in the Ethereum staking category, currently holding 25% of the market with over 9 million ETH staked on the platform.
Strategies and Future of Lido
Looking at the future of Lido, strategic advisor Hasu noted that the Dual Governance will improve the quality of proposals and prevent hostile takeovers. The protocol is also working on version 3 updates, which promise new features including customizable staking solutions.
The implementation of Dual Governance within Lido paves the way for new opportunities in Ethereum staking governance, enhancing security and community engagement.
